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Here is the whole page. Enjoy the laughs.

Lets look at how the issuances and redemptions played out. This makes it fairly possible to see the picture of a TA automated fund series B. The A series looks about the same....lol Any movies come to mind???? What is fun to consider now is Andrew Lo as typified by Nitro. It is...

The expenses are offset by two forms of income: trading and the net difference of issuances and redemptions. Here is that info for Feb for the trading:

here's the expenses.

Anyway just to demystify fund trading, its TA automation, money management, and what going to B school turned out to mean, here is a chart scaled by expense money to draw blocks of the February expenses. Anyone can see what is going on in this fund and by its management. I'll post the 7...

true,,, Give a read to this thread and all the reference citations. http://www.elitetrader.com/vb/showthread.php?s=&threadid=164157&perpage=6&pagenumber=13 In there you see RV gives a nodd to happenings in 1992. The automation for this pair of funds originated in "92. The two...

Before we go too much further....does anyone know what "churning" means. I got three calls waiting........

Do big numbers like the last four deal with things in our conference room...our skyping...... our cell phones.... Gotta call .......be right back....could it be a redmption with the numbers we are pushing out the door???? Its not Andrew Lo on the phone. Its not our programming staff...

Only four numbers to go to get the blocks of the organization straight. I know brokerage is an "outside" box.... this is a clue. Lets tackle the four last numbers for this offshore fund...... Boating expenses?????? maybe we ought to look at the change in ownership for a second. would...

There's some trading involved. Gotta cut a chack for brokerage fees: punch out 41K and don't be shy about it. We added a little to the bottom line (meaning asset changes) and 41K is a mear token for that astute trading except most of it was holding not trading.....wasn't it? We're running...

Let's get the chicken feed out of the way first: Operating expenses and other expenses (8K and 2K, respectively)

To day we get to look at the seven blocks on the fund and management organization chart. Looking at the block's expense charges would be a good way to start. This is one month so multiply by 12 to get annuals. We can also gin up the job descriptions too

Here we get to go into the two outfits that are servicing the funds and take a look at ONE MONTH'S PROGRESS. I am not going to go to deeply into anything except the ORGANIZATION. HOW ,MONEY IS MADE. HOW AUTOMATING SOFTWARE TO DO THIS, and HOW ANYONE WHO WANTS CAN DO A LOT BETTER. HERE IS...

Here is some output from automation and notice whether or not a programmer of the automation wrote the test for the output report. The program is doing one thing and the clients and the economy are doing their things too. The "finders" are all getting clients. The managers are all making...

You point out a compelling message that is in the space. I am using a 200 to 300 million dollar example for the fun of it. The two organizations that combine to do the fund and its operation each have tasks they do and they get paid accordingly. in the past here there have been several...

Great info from the RTS group. They are equipped to provide connectivity to the guys in the two outfits who are trading commodities throughout the globe. They mention almost half of the 100 they are monitoring throughout the world 24/7 and which they apply their automation to to get the "pick...

Here is a normal block diagram of two outfits working together to operate funds (Series A and Series B). Obviously their graphics arts group and publications group is small. Thy are getting a lot of mileage out of cut and paste and layout conservation. We see two distinct client...

Here is the Series B stats: Lets keep it simple for a while

Lets assume TS is working away on the stats of performance and we can just move ahead. Here is the buddy of Series B with which we began: Series A. You can see several differences and I slipped the stats in on this illustration since TS hasn't popped a typical set in the thread as yet...

I'll skip ahead to what follows the performance statisitics. we all know the automated trading of a fund has a set of statisitics used to measure the results of automation and maybe other things are included. So I am leap frogging the stuff that my compadre is going to shoot up for...